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The Township of Terrace Bay economy includes the Terrace Bay Pulp Inc mill, the McCausland Hospital, various educational institutions and the service industry that serves residents and tourists. The municipality has a variety of major economic development initiatives ongoing including the $3 million Downtown Revitalization project and the $2 million Cultural Centre project. 

 

McCausland Hospital Long-Term Care Construction July 2009

May 2009 Downtown Announcement by Honourable Michael Gravelle

 

The local economy has seen investment in the forestry industry with $45 million in 2008 for the development of energy cogeneration capability.  The healthcare industry had a $7 million investment in 2009 for the McCausland Hospital Long-Term Care expansion (ongoing). The educational industry was invested in when the St. Martins Catholic and Ecole Catholique Franco Terrace School (co-located at the same site) was built in 2007 at an estimated cost of $5.5 million (including a new daycare).  The service industry was invested in with $2 million for construction of a highway commercial property which is now complete with full services available.  The Municipality has also reinvested a great deal in its water infrastructure in partnership with the Federal and Provincial government for the recently completed $13 million Water Treatment Plant Construction/Upgrades.

 

July 2009 Pumping Station Opening by Councilor Gino Leblanc with the Honourable Michael Gravelle

Terrace Bay Water Treatment Plant which was officially commissioned  in November 2005

 

For an update on recent private and public sector projects completed/ongoing, please download the March 2010 Economic Update or the  August 2009 Economic Update.  These documents are developed by Municipal staff. 

 

To view our regularly updated inventory of industrial land and commercial properties please visit the business opportunities section.   

 

Please visit the Service Ontario BizPal website if you need help with licenses or permits in starting/expanding your business, or contact municipal staff.

 

Feel free to browse the economic development section of our website and view information and opportunities that are valued by current and potential businesses. Investment is important to our community and if you have any questions, feel free to contact Dean Main, Economic Development Supervisor at 807-825-3315 ext. 230 or 1-800-968-8616 or Sean Irwin, the Special Projects Co-ordinator at Extension 231.